2016 NMLS Mortgage Industry Report

Released March 20, 2017 Conference of State Bank Supervisors 1129 20th Street, NW, 9th Floor Washington, D.C. 20036-4307

2016 NMLS Mortgage Industry Report

This report compiles data concerning companies, branches, and mortgage loan originators (MLOs) who are licensed or registered in NMLS in order to conduct mortgage activities. This includes both state-licensed and federally registered companies and MLOs.1

Contents 1. Report Summary2. State-Licensed Companies and Individuals3. Mortgage Call Report4. Federally Registered Individuals

1. Report Summary• During 2016, the number of state-licensed mortgage companies grew 2.2 percent. The number

of licensed mortgage loan originators grew by 7.6 percent and the number of licenses held byMLOs grew by 19.4 percent.

• Mortgage originations by state-licensed MLOs surpassed $1 trillion, up 20 percent from 2015.• Federally registered institutions have decreased by four percent and registered MLOs grew by

four percent in 2016.

1 Unless otherwise noted, all figures cover activity from 2016, or statuses as of December 31, 2016. 2

2. State-Licensed Companies and IndividualsIn 2015, the number of state-licensed companies (entities) declined very slightly. In 2016, it grew by 2.2 percent.

Licensee Type EntitiesAnnual Growth

LicensesAnnual Growth

Mortgage Companies 16,355 2.2% 40,158 6.2%

Mortgage Branches 22,937 8.3% 56,001 15.7%

MLOs 145,253 7.6% 487,973 19.4%

Change in Approved MLO Licenses As the graph below shows, MLO licenses continued to grow rapidly in 2016, up 19.4 percent from last year. However, it is the number of state-licensed individuals (as opposed to licenses) that grew significantly in 2016. Individual growth in 2016 was 7.6 percent, compared with 2.5 percent in 2015. The average number of state licenses held by an MLO is now 3.4 licenses per MLO, up from 3.0 licenses per MLO in 2015.

20112012

20132014

2015

2016

0

100,000

200,000

300,000

400,000

500,000

600,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Appr

oved

MLO

Lic

ense

s

3

MLO License Growth and Attrition by State

Agency Licenses, 2015

year-end

Growth (applications

submitted 2015)

% GrowthAttrition

(withdrawn, expired 2015)

% Attrition Licenses, 2016

year-end % Net

Growth

National 408,542 158,188 39% (78,757) (19%) 487,973 19%AK 1,475 757 51% (304) (21%) 1,928 31%AL 8,778 3,373 38% (1,482) (17%) 10,669 22%AR 2,687 1,035 39% (691) (26%) 3,031 13%AZ 9,880 5,384 54% (1,401) (14%) 13,863 40%CA-DOC 27,401 10,956 40% (4,819) (18%) 33,538 22%CA-DRE 18,704 2,097 11% (1,827) (10%) 18,974 1%CO 9,902 5,642 57% (2,225) (22%) 13,319 35%CT 7,300 2,661 36% (1,386) (19%) 8,575 17%DC 4,153 1,557 37% (569) (14%) 5,141 24%DE 3,488 1,657 48% (882) (25%) 4,263 22%FL 22,041 4,948 22% (2,704) (12%) 24,285 10%GA 10,606 5,783 55% (3,385) (32%) 13,004 23%GU 1 3 300% 2 200% 6 500%HI 1,773 964 54% (360) (20%) 2,377 34%IA 4,085 2,254 55% (713) (17%) 5,626 38%ID 3,174 1,851 58% (1,078) (34%) 3,947 24%IL 10,609 5,091 48% (2,075) (20%) 13,625 28%IN-DFI 9,002 3,359 37% (1,481) (16%) 10,880 21%IN-SOS 540 129 24% (116) (21%) 553 2%KS 4,570 2,349 51% (804) (18%) 6,115 34%KY 6,861 3,233 47% (2,246) (33%) 7,848 14%LA 7,601 3,112 41% (1,289) (17%) 9,424 24%MA 8,133 2,432 30% (1,840) (23%) 8,725 7%MD 10,566 4,350 41% (2,016) (19%) 12,900 22%ME 3,329 1,931 58% (529) (16%) 4,731 42%MI 9,901 3,848 39% (2,400) (24%) 11,349 15%MN 4,971 1,311 26% (692) (14%) 5,590 12%MO 5,042 4,000 79% (1,598) (32%) 7,444 48%MS 3,257 1,739 53% (1,230) (38%) 3,766 16%MT 2,188 1,132 52% (454) (21%) 2,866 31%NC 11,747 4,602 39% (2,407) (20%) 13,942 19%ND 2,295 1,100 48% (625) (27%) 2,770 21%NE 2,503 1,245 50% (627) (25%) 3,121 25%NH 3,333 1,535 46% (991) (30%) 3,877 16%NJ 13,815 4,393 32% (2,517) (18%) 15,691 14%NM 4,919 1,913 39% (788) (16%) 6,044 23%NV 6,040 3,217 53% (1,277) (21%) 7,980 32%NY 7,300 2,605 36% (1,760) (24%) 8,145 12%OH 12,640 5,732 45% (3,085) (24%) 15,287 21%OK 5,232 2,092 40% (868) (17%) 6,456 23%OR 9,070 3,697 41% (1,329) (15%) 11,438 26%

4

MLOs Operating in More than One State The number of state-licensed MLOs operating in just one state increased by four percent in 2016, while the number operating in more than ten states increased by 23 percent.

PA 14,399 4,610 32% (2,483) (17%) 16,526 15%PR 444 83 19% (98) (22%) 429 (3%)RI 2,729 1,044 38% (423) (16%) 3,350 23%SC 424 128 30% (112) (26%) 440 4%SC-BFI 5,829 1,495 26% (919) (16%) 6,405 10%SD 2,350 1,203 51% (572) (24%) 2,981 27%TN 9,263 3,876 42% (1,723) (19%) 11,416 23%TX-OCCC 404 149 37% (158) (39%) 395 (2%)TX-SML 21,688 7,338 34% (4,283) (20%) 24,743 14%UT-DFI 227 128 56% (199) (88%) 156 (31%)UT-DRE 4,870 1,047 21% (682) (14%) 5,235 7%VA 15,242 5,486 36% (2,918) (19%) 17,810 17%VI 101 38 38% (44) (44%) 95 (6%)VT 1,706 735 43% (349) (20%) 2,092 23%WA 15,806 5,027 32% (2,411) (15%) 18,422 17%WI 7,837 2,825 36% (1,509) (19%) 9,153 17%WV 2,012 550 27% (439) (22%) 2,123 6%WY 2,299 1,357 59% (567) (25%) 3,089 34%

14,098

10,397

5,608

7,566

3,075

15,399

12,143

6,479

8,744

4,390

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

2 3-5 6-10 11-20 21+

MLO

s

Number of states in which MLO operates

2015 2016

5

Companies Operating in More than One State State-licensed companies operating in just one state increased by one percent, while companies operating in more than ten states increased by nine percent.

1,173

855

323

207292

1,243

885

333

223322

0

200

400

600

800

1,000

1,200

1,400

2 3-5 6-10 11-20 21+

Com

pani

es

Number of states in which company operates

2015 2016

6

2016 Mortgage Licensing Activities

Company Licenses

Approved Denied Withdrawn Revoked Surrendered Terminated

Alabama 65 65 - 3 - 19 17

Alaska 56 42 - 9 - 4 4

Arizona 153 134 - 29 - 45 34

Arkansas 45 45 - 6 - 23 -

California BRE 786 581 - 24 - 7 483

California DBO 280 180 4 88 21 37 -

Colorado 216 211 - 3 - 13 45

Connecticut 82 60 1 16 - 33 25

Delaware 62 47 - 12 - 10 11

District of Columbia 60 55 - 3 - 15 18

Florida 394 355 6 34 1 88 116

Georgia 184 128 - 24 - 32 23

Guam 6 4 - - - - -

Hawaii 59 55 (2) 5 - 46 20

Idaho 65 20 - 35 - 10 15

Illinois 101 98 1 13 5 97 15

Indiana DFI 73 57 - 6 - 22 4

Indiana SOS 27 20 - 7 - 5 10

Iowa 95 87 - 9 - 25 16

Kansas 63 63 - 4 - 142 3

Kentucky 52 46 - 8 - 18 8

Louisiana 49 60 - - - 8 19

Maine 42 40 - - - 10 8

Maryland 167 135 - 21 - 103 24

Massachusetts 151 55 - 92 - 22 24

Michigan 142 122 2 18 1 34 39

Minnesota 110 96 - 13 - 16 14

Mississippi 54 46 - 7 - 15 5

Missouri 61 51 - 7 - 24 10

Montana 50 52 - 2 - 8 3

Nebraska 48 43 - 10 - 13 3

Nevada 230 156 - 53 2 19 6

New Hampshire 46 34 - 8 - 18 9

New Jersey 87 68 - 4 - 16 29

New Mexico 40 41 - 5 - 12 21

New York 54 28 1 21 - 43 53

North Carolina 103 66 - 38 - 27 29

North Dakota 56 53 - 2 - 31 8

Ohio 120 106 - 16 - 31 16

Oklahoma DCC 123 112 - 12 - 22 7

Oregon 112 100 - 6 - 22 14

Pennsylvania 121 107 - 14 - 29 24

Puerto Rico 11 12 - - - 2 12

Rhode Island 92 86 - 8 1 20 1

South Carolina BFI 73 64 - 8 - 23 3

South Carolina DCA 35 19 - 14 - 2 8

South Dakota 28 28 - 4 - 11 5

Tennessee 78 77 - 2 - 5 37

State Agency Applications Processed License ExpirationsNew

Applications

7

2016 Mortgage Licensing Activities

Company Licenses

Approved Denied Withdrawn Revoked Surrendered TerminatedState Agency

Applications Processed License ExpirationsNew

ApplicationsTexas SML 285 239 - 34 - 48 103

Utah DFI 66 66 - 1 - 2 -

Utah DRE 86 72 - - - 12 33

Vermont 89 73 - 20 - 28 -

Virgin Islands 2 1 - - - 3 -

Virginia 136 75 - 39 1 49 -

Washington 140 110 - 17 1 38 15

West Virginia 57 48 - 11 - 11 19

Wisconsin 61 52 - 9 - 20 7

Wyoming 31 26 - 6 - 9 5

National 6,160 4,972 15 860 33 1,497 1,480

Notes

2. The Hawaii Division of Financial Institutions has indicated that it is not able to release the number of license applications denied.

Definitions

Surrendered-Status assigned when a regulator approved a surrender/cencellation request submitted by the licensee/registrant.

Terminated-Status assigned when a regulator expires a license/registration.

Denied-Status assigned when a regulator has reviewed the license/registration application and determined that sufficient grounds exist to deny

the request. This status may also be used by regulators who deny a renewal request for license.

Withdrawn- Status assigned when an applicant has been approved to voluntarily withdraw their application or has not responded to regulator

requests for additional information within a timely manner.

Revoked-Status assigned when a regulator has taken action to revoke the license/registration. Pursuant to federal SAFE legislation, placement of

a MLO license into this status will render the MLO unable to obtain or maintain a license to conduct mortgage business in any jurisdiction.

1. Texas OCCC did not manage mortgage company licensing through NMLS in 2016Q4.

Approved-Status assigned when regulator has reviewed the license/registration application and decided to issue a license to the applicant

through NMLS.

8

2016 Mortgage Licensing Activities

Individual MLO Licenses

Approved Denied Withdrawn Revoked Surrendered Terminated

Alabama 3,373 3,367 - 80 - 239 1,440

Alaska 757 699 7 65 - 49 208

Arizona 5,384 5,016 1 621 - 203 941

Arkansas 1,035 1,149 - 49 - 1,047 54

California BRE 2,097 1,196 5 67 2 10 1,671

California DBO 10,956 10,087 5 423 - 321 4,029

Colorado 5,642 4,600 6 70 1 103 1,122

Connecticut 2,661 2,496 4 212 1 292 1,483

Delaware 1,657 1,566 - 49 - 428 507

District of Columbia 1,557 1,558 - 2 - 96 597

Florida 4,948 4,803 68 238 2 387 2,258

Georgia 5,783 4,398 42 835 11 782 1,440

Guam 3 5 - 3 - - -

Hawaii 964 827 (1) 59 - 43 186

Idaho 1,851 1,297 1 351 - 282 482

Illinois 5,091 4,608 1 302 5 215 1,712

Indiana DFI 3,359 3,276 - 73 - 217 1,269

Indiana SOS 129 105 - 29 3 34 140

Iowa 2,254 2,247 - 6 - 128 723

Kansas 2,349 2,252 24 51 1 119 682

Kentucky 3,233 3,098 3 160 - 1,817 602

Louisiana 3,112 3,163 - 42 - 200 1,327

Maine 1,931 1,891 - 4 - 86 411

Maryland 4,350 3,936 - 487 - 233 1,742

Massachusetts 2,432 2,071 - 329 - 212 1,572

Michigan 3,848 3,181 4 633 - 481 1,537

Minnesota 1,311 1,312 1 57 - 94 611

Mississippi 1,739 1,708 - 71 - 1,251 157

Missouri 4,000 3,177 1 191 - 129 747

Montana 1,132 1,061 - 27 1 71 358

Nebraska 1,245 1,044 2 130 - 82 379

Nevada 3,217 2,720 - 549 2 135 737

New Hampshire 1,535 1,384 - 136 1 804 285

New Jersey 4,393 4,025 1 343 - 276 1,976

New Mexico 1,913 1,905 1 70 - 114 703

New York 2,605 1,979 - 684 - 178 1,076

North Carolina 4,602 4,341 - 220 2 323 2,594

North Dakota 1,100 1,056 - 18 - 326 342

Ohio 5,732 5,008 5 161 1 364 2,220

Oklahoma DCC 2,092 2,048 - 8 - 134 821

Oregon 3,697 3,556 - 141 1 184 1,145

Pennsylvania 4,610 4,462 - 207 1 493 2,570

Puerto Rico 83 61 - 4 - 6 71

Rhode Island 1,044 1,052 1 17 2 171 539

South Carolina BFI 1,495 1,423 - 87 - 141 719

South Carolina DCA 128 73 - 50 - 8 96

South Dakota 1,203 1,100 - 21 - 87 421

Tennessee 3,876 3,669 48 20 - 273 1,691

State AgencyLicense Expirations Applications ProcessedNew

Applications

9

2016 Mortgage Licensing Activities

Individual MLO Licenses

Approved Denied Withdrawn Revoked Surrendered TerminatedState Agency

License Expirations Applications ProcessedNew

ApplicationsTexas OCCC 149 104 3 49 - 49 116

Texas SML 7,338 5,957 8 522 - 413 3,398

Utah DFI 128 65 3 70 - 6 98

Utah DRE 1,047 973 1 11 3 63 1,334

Vermont 735 658 - 32 - 127 248

Virgin Islands 38 22 - 1 - 7 27

Virginia 5,486 4,936 - 643 - 349 2,176

Washington 5,027 4,997 2 111 6 341 2,874

West Virginia 550 483 - 31 - 62 362

Wisconsin 2,825 2,667 2 91 1 208 1,395

Wyoming 1,357 1,229 32 142 - 120 336

National 158,188 143,147 282 10,155 47 15,413 60,757

Notes

1. The Hawaii Division of Financial Institutions has indicated that it is not able to release the number of license applications denied.

Definitions

Surrendered-Status assigned when a regulator approved a surrender/cencellation request submitted by the licensee/registrant.

Terminated-Status assigned when a regulator expires a license/registration.

Withdrawn- Status assigned when an applicant has been approved to voluntarily withdraw their application or has not responded to regulator

requests for additional information within a timely manner.

Revoked-Status assigned when a regulator has taken action to revoke the license/registration. Pursuant to federal SAFE legislation, placement of

a MLO license into this status will render the MLO unable to obtain or maintain a license to conduct mortgage business in any jurisdiction.

Approved-Status assigned when regulator has reviewed the license/registration application and decided to issue a license to the applicant

through NMLS. Denied-Status assigned when a regulator has reviewed the license/registration application and determined that sufficient grounds exist to deny

the request. This status may also be used by regulators who deny a renewal request for license.

10

2016 Mortgage Call Report DataLoans by Purpose

State Loan Amt ($) Loan Cnt (#) Loan Amt ($) Loan Cnt (#) Loan Amt ($) Loan Cnt (#)AK $1,337,147,467 4,940 $14,988,031 78 $957,415,919 3,928AL $4,219,483,407 26,161 $100,012,456 681 $3,568,101,153 21,175AR $1,183,852,376 8,540 $20,892,961 152 $1,075,918,559 7,400AZ $20,676,688,795 96,817 $589,650,648 2,874 $16,097,199,016 75,894CA $95,916,706,983 267,677 $7,378,183,048 20,963 $173,334,880,610 487,811CO $21,310,660,982 74,547 $922,641,251 3,555 $23,437,874,657 89,930CT $5,226,478,237 22,078 $103,815,413 379 $4,319,183,832 16,029DC $2,307,013,916 4,856 $44,935,193 105 $2,229,105,473 5,461DE $2,105,167,102 9,008 $25,411,764 128 $1,517,307,862 6,809FL $40,307,110,419 192,744 $683,612,037 3,344 $21,603,055,243 106,575GA $15,668,356,588 78,211 $261,263,885 1,329 $11,891,429,737 61,450GU $260,000 2 $642,040 10 $2,040,500 21HI $3,726,240,340 8,232 $193,840,710 443 $4,531,680,025 10,536IA $1,311,856,468 8,516 $24,235,437 282 $1,162,953,599 7,703ID $2,985,200,211 16,943 $68,324,753 413 $1,897,441,614 10,247IL $16,686,633,576 75,402 $565,624,742 2,272 $17,174,103,713 70,773IN $7,488,818,434 49,311 $147,606,384 1,187 $4,376,072,052 28,175KS $1,658,829,366 9,861 $67,332,196 369 $1,645,204,634 9,865KY $3,724,077,267 24,419 $51,496,576 390 $2,415,425,272 15,029LA $4,168,371,341 23,752 $173,423,904 1,038 $2,988,076,617 17,039MA $12,882,370,298 39,922 $649,041,289 2,074 $14,308,397,903 47,024MD $15,003,265,094 50,602 $365,710,513 1,386 $15,549,003,653 53,474ME $1,640,376,853 8,189 $32,743,166 182 $1,097,170,508 5,601MI $10,375,826,274 65,287 $328,297,943 2,220 $10,076,249,474 59,014MN $8,110,749,719 38,407 $252,557,499 1,096 $6,571,148,718 30,647MO $5,833,121,531 35,074 $204,942,169 1,224 $5,642,536,924 31,934MS $1,198,405,064 8,698 $10,726,616 185 $968,448,221 6,967MT $678,420,775 3,262 $11,368,066 47 $827,880,480 4,092NC $13,814,542,676 69,896 $265,516,871 1,256 $9,978,134,086 51,244ND $349,825,627 1,774 $3,916,188 32 $383,401,321 1,991NE $1,096,395,940 6,608 $21,197,280 137 $911,011,642 5,836NH $2,766,668,830 12,100 $64,002,518 272 $2,183,300,852 9,557NJ $17,357,941,214 61,626 $458,630,539 1,710 $16,202,491,320 56,147NM $2,480,312,284 14,690 $66,684,103 369 $1,968,923,052 10,738NV $9,285,159,492 39,784 $273,270,002 1,546 $6,533,561,787 30,245NY $17,045,967,770 62,705 $383,277,716 1,278 $12,330,812,388 41,254OH $9,024,763,907 58,295 $205,136,666 1,440 $5,710,354,632 36,323OK $3,157,647,816 19,809 $73,396,102 458 $1,788,285,501 11,347OR $10,412,824,682 39,704 $857,531,730 3,562 $8,664,300,650 35,576PA $14,277,667,220 72,870 $319,612,262 1,809 $9,949,993,793 50,519PR $553,707,785 4,646 $7,016,075 64 $171,446,303 1,344RI $1,533,915,412 7,319 $49,536,182 229 $1,155,708,758 5,243SC $7,420,512,952 40,327 $121,624,120 578 $4,235,817,985 22,512SD $428,445,234 2,338 $15,079,340 87 $347,634,118 2,024TN $8,142,677,733 45,619 $213,064,664 1,283 $5,637,441,134 31,886TX $47,301,871,685 222,728 $1,043,854,661 8,604 $25,503,965,519 127,951UT $10,408,691,627 47,177 $364,599,429 1,575 $8,058,257,385 34,078VA $17,627,947,924 61,315 $364,095,257 1,252 $18,662,267,402 65,114VI $78,783,527 230 - - $26,928,159 70VT $549,992,296 2,620 $12,403,281 149 $458,317,405 2,245WA $20,415,622,141 72,188 $843,426,628 3,149 $20,766,603,580 73,745WI $4,454,088,870 25,920 $111,526,599 543 $4,188,204,364 22,394WV $1,002,308,262 6,888 $9,099,723 95 $694,859,877 4,439WY $551,140,531 2,949 $6,234,642 40 $639,286,359 3,094

Does not include Reverse loans.

Home Purchase Home Improvement Refinancing

11

2016 Mortgage Call Report DataLoan Averages

State Total Amount ($)Total Count (#)

Average Loan Amount ($)

MLOs with 1 or more loans

Average Loans Per MLO (#)

Median Loans Per MLO (#)

AK $2,315,165,000 8,971 $258,072 771 12 3AL $7,941,981,128 48,468 $163,860 5,856 8 3AR $2,315,363,397 16,370 $141,439 1,826 9 4AZ $37,676,112,056 177,106 $212,732 9,286 19 8CA $279,704,776,076 785,764 $355,965 33,708 23 11CO $46,097,312,249 169,814 $271,458 8,388 20 8CT $9,740,264,967 38,826 $250,870 4,334 9 3DC $4,647,951,959 10,613 $437,949 2,079 5 2DE $3,668,488,401 16,058 $228,452 1,922 8 3FL $63,303,291,370 306,413 $206,595 15,095 20 10GA $27,959,505,415 141,880 $197,064 9,024 16 7GU $2,942,540 33 $89,168 5 7 7HI $8,498,177,270 19,337 $439,478 1,223 16 6IA $2,523,980,957 16,698 $151,155 2,277 7 3ID $4,991,370,985 27,864 $179,133 2,026 14 4IL $34,541,737,468 149,203 $231,508 8,216 18 6IN $12,065,144,281 79,112 $152,507 6,707 12 4KS $3,395,423,941 20,298 $167,279 2,770 7 3KY $6,224,770,936 40,103 $155,220 4,288 9 3LA $7,399,926,378 42,328 $174,823 4,613 9 3MA $27,988,926,588 89,585 $312,429 5,518 16 5MD $31,035,552,750 106,009 $292,763 8,630 12 5ME $2,806,751,206 14,153 $198,315 1,822 8 2MI $20,873,276,336 127,169 $164,138 7,965 16 7MN $14,998,833,083 70,507 $212,728 3,755 19 8MO $11,732,620,715 68,606 $171,014 4,407 16 5MS $2,207,932,206 16,111 $137,045 2,233 7 3MT $1,551,813,359 7,582 $204,671 1,056 7 3NC $24,199,474,113 123,317 $196,238 8,443 15 6ND $742,651,059 3,839 $193,449 832 5 2NE $2,040,153,070 12,683 $160,857 1,340 9 3NH $5,035,870,621 22,054 $228,343 2,251 10 3NJ $34,233,496,780 120,386 $284,364 9,790 12 5NM $4,570,739,993 26,090 $175,191 3,064 9 3NV $16,210,139,046 72,144 $224,691 4,840 15 6NY $30,261,535,896 106,924 $283,019 5,300 20 10OH $15,035,272,418 96,775 $155,363 6,662 15 6OK $5,066,593,575 32,007 $158,296 3,058 10 4OR $20,122,098,662 79,654 $252,619 6,702 12 4PA $24,707,059,414 126,230 $195,730 10,344 12 5PR $755,085,375 6,364 $118,649 265 24 17RI $2,753,987,655 12,857 $214,201 1,441 9 3SC $11,888,706,894 64,068 $185,564 4,012 16 7SD $796,647,136 4,492 $177,348 778 6 2TN $14,098,803,235 79,556 $177,219 6,895 12 4TX $74,408,810,647 362,720 $205,141 16,217 22 10UT $18,995,210,238 83,502 $227,482 3,268 26 10VA $36,805,170,674 128,497 $286,428 10,758 12 4VI $105,861,686 301 $351,700 15 20 8VT $1,029,703,524 5,071 $203,057 714 7 2WA $42,326,958,169 150,250 $281,710 10,729 14 5WI $8,789,911,965 49,154 $178,824 4,675 11 3WV $1,723,123,688 11,557 $149,098 1,203 10 4WY $1,208,726,959 6,143 $196,765 1,085 6 2

12

5. Mortgage Call Report

Loan Origination by Purpose Forward loan originations reported by state-licensed companies have increased by 20 percent over the year. The volume of home purchase loans grew 14.8 percent over the year.

Loan Origination by Number of States in which the Company Operates Companies operating in one state originated 15 percent of loans reported in NMLS Mortgage Call Reports for 2016. Companies who operate in over 20 states originated 56 percent of the total, up from 51 percent in 2015.

$-

$200

$400

$600

$800

$1,000

$1,200

2012 2013 2014 2015 2016

Loan

s orig

inat

ed (b

illio

n $)

Home Purchase Refinancing Home Improvement

$0

$100

$200

$300

$400

$500

$600

$700

1 2 3-5 6-10 11-20 21+

Loan

s orig

inat

ed (b

illio

n $)

Number of states in which company operates

13

4. Federally Registered Mortgage Loan Originators

Registrant Type Entities Annual GrowthInstitutions 9,831 -4%

MLOs 422,579 4%

Active MLO Registrations

New MLO Registration Requests

20152016

0

100,000

200,000

300,000

400,000

500,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Fede

ral r

egis

trat

ions

0

20,000

40,000

60,000

80,000

100,000

120,000

2013 2014 2015 2016

New

Reg

istr

atio

ns

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Federally Registered Mortgage Loan OriginatorsAs of December 31, 2016

State Total Annual growth State Total Annual growthAlabama 6,721 0.7% Montana 1,527 2.1%Alaska 737 4.2% Nebraska 3,633 5.3%Arizona 10,720 4.4% Nevada 2,850 3.4%Arkansas 4,288 3.2% New Hampshire 1,788 3.1%California 43,396 3.7% New Jersey 12,773 5.5%Colorado 8,556 3.3% New Mexico 1,802 1.9%Connecticut 6,044 4.2% New York 25,795 0.9%Delaware 1,524 4.7% North Carolina 13,101 8.9%District of Columbia 1,121 1.7% North Dakota 1,217 4.0%Florida 26,235 4.2% Ohio 17,611 3.3%Georgia 9,766 2.8% Oklahoma 4,903 3.9%Guam 127 8.5% Oregon 6,269 3.7%Hawaii 2,041 4.6% Pennsylvania 19,059 4.1%Idaho 2,710 3.3% Puerto Rico 789 -4.1%Illinois 18,591 2.6% Rhode Island 1,840 3.5%Indiana 8,718 3.5% South Carolina 5,089 5.3%Iowa 6,339 13.0% South Dakota 1,394 1.1%Kansas 4,369 0.7% Tennessee 8,432 3.0%Kentucky 6,258 1.6% Texas 25,505 0.4%Louisiana 6,247 1.2% Utah 4,309 2.2%Maine 1,889 6.1% Vermont 801 0.0%Maryland 7,106 3.9% Virgin Islands 81 2.5%Massachusetts 10,236 7.8% Virginia 11,530 3.1%Michigan 13,485 4.1% Washington 9,728 3.3%Minnesota 9,184 18.9% West Virginia 1,856 3.7%Mississippi 3,681 2.1% Wisconsin 9,109 3.4%Missouri 9,105 -1.5% Wyoming 976 0.6%

NOTE: The number of MLOs in each state is determined by the work address provided in each MLO's record.

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